Sensex rises 31 points after offloading of local funds

Nifty spot's initial 122-point rally was washed out at the end of the 19-point drop to 14910
Net purchase of Rs. 1692 crore in FPI / FII cash, the net sale of Rs. 1169 crore in DII cash

(Gujarat News Correspondent) MUMBAI: The state and central government are concerned over the rising number of corona outbreaks in India and other parts of the world and the rising number of positive cases at the beginning of the second wave in Maharashtra. Prime Minister Shri Narendra Modi's meeting with the Chief Ministers of the states on Wednesday over the forced curfew till 6 am and the increasing cases in Kerala, Madhya Pradesh, and other states, and again the country-wide lockdown, the offloading of stocks by investors, and investors continued. Of course, with the country's vaccination program moving fast and the possibility of a complete lockdown being ruled out, investors, however, chose to soften the bullish trade, cautiously. Banking-finance, profit-booking in power stocks against a rally of funds in IT-Software Services stocks as well as FMCG stocks washed the Sensex's initial 462.90 points higher at the close, falling 31.12 points to close at 50363.96. While the Nifty spot was washed out at the start of the initial 122.10 points, it finally fell 19.05 points to close at 14910.45.

Sensex early IT stocks surged 462 points to 50857 and finally fell 31 to 50364

Trading started strong today. The Sensex opened higher at 50608.42 against the previous close of 50395.08. Levi, including the company, jumped 462.90 points to 50857.90 at one point. Banking-Finance stocks were sold to State Bank of India, HDFC Limited, ICICI Bank, HDFC Bank, Axis Bank, Kotak Mahindra Bank, IndusInd Bank and Sun Pharma, NTPC, Reliance Industries, and others in Sun Pharma, NTPC, and Reliance Industries At one point, the Sensex fell to 31,289.44 and ended 31.12 points lower at 50,363.39.

Nifty spot washed out after an initial 122-point rally and fell 19 points to 14,910

NSE's Nifty spot opened at 14999.50 against the previous close. Attractions, including Power Grid Corp., rose 122.10 points to 15051.60 at one point. Returning from the uptrend, sales in banking-finance stocks, including HDFC Twins, in other stocks, including Tata Steel, Cipla, BPCL, Larsen, Shree Cement, Divis Lab, fell to 14,890.65 and closed at 16.02 points.

March Nifty futures rise from 14968 to 15082 and fall to 14974: Bank Nifty futures fall from ૨ 35304 to 34930

Nifty-based funds in derivatives today eased bullish trading again. The Nifty March futures opened at 15008 against 14968.10, fell to 15082 at 14915.20, and ended at 14975.50. Bank Nifty March futures opened at 35425 against 35304.75 and fell to 35494 at 34790 and ended at 34930. The Nifty 14800 put opened at 69.45 against 71.10, fell to 27.45, and reached 72.60, ending at 46.90.

Erosion in banking stocks: Bankex down 407 points

The BSE Bankex Index fell by 407.57 points to close at 39222.45 today on sustained selling of funds in banking stocks. ICICI Bank fell by Rs 8.35 to Rs 594.90, State Bank of India by Rs 5.25 to Rs 378.45, RBL Bank by Rs 3.15 to Rs 235.10, HDFC Bank by Rs 16.35 to Rs 1512.80, HDFC Limited by Rs. 2510.75, Axis Bank fell by Rs 7.05 to Rs 737.60, Citi Union Bank fell by Rs 1.20 to Rs 170. With this, HDFC AMC fell by Rs 30.90 to Rs 2974.20, Indostar Capital fell by Rs 21.80 to Rs 344.10, Religare Enterprises fell by Rs 3.45 to Rs 97.30, IDFC First Bank fell by Rs 1.90 to Rs 63.3. .38.65, PNB Housing Finance fell by Rs. 8.75 to Rs. 401.

IT Index jumps 355 points: Intellect Design, Zensar Tech, Firstshore, Mastek, Datamatics, CoforgeThe BSE IT index jumped 355.06 points to close at 26725.49 today as funds-wide stocks in IT-software services and technology stocks rallied. Intellect Design jumped Rs 88.15 to Rs 610, Zensar Technology jumped Rs 40.35 to Rs 331.40, First Shores Solutions jumped Rs 10.85 to Rs 116.20, Datamatics Global jumped Rs 11.20 to Rs 123.90, Mastek rose Rs 9.5 to Rs 12.5. Persistent increased by Rs.130.45 to Rs.1899.15, Emphasis increased by Rs.103.45 to Rs.1730.95, Coforge increased by Rs.165.15 to Rs.2991.70, Siant increased by Rs.38.75 to Rs.706, Oracle Finserv increased by Rs.111.35 to Rs.3258. 14.20 to Rs. 1006.35, TCS to Rs. 42.35 to Rs. 3108.70, Nucleus Software to Rs. 7.10 to Rs.

FMCG stocks rise Vishwaraj Sugar, Hindustan Foods, Bajaj Consumer, ITC, Hind. Unilever advanced

FMCG stocks were the choice of funds today. Vishwaraj Sugar jumped Rs 20.05 to Rs 141.80, Hindustan Foods jumped Rs 1019.70, Bajaj Consumer jumped Rs 11.45 to Rs 273.35, Varun Beverages jumped Rs 32.80 to Rs 996.40, CCL Products rose Rs 25. Hindustan Unilever rose by Rs 32.65 to Rs 2243.80, ITC by Rs 2.60 to Rs 208.05, Britannia by Rs 41.10 to Rs 3491, Zydus Wellness by Rs 23.80 to Rs 1893.50, and Tata Consumer by Rs 3.30.

In pharma stocks, Dr. Lalpath Lab jumped Rs. 120 to Rs. 2528: Fortis Health, IOL, Aarti Drugs, Dr. Reddy's Lab. Bounced

In pharmaceuticals-healthcare stocks, funds, investors were the choice today. Dr. Lalpath Lab. Rs 119.90 to Rs 2528.50, Fortis Health by Rs 7.25 to Rs 193.85, IOL Chemicals by Rs 20.35 to Rs 604.06, Aarti Drugs by Rs 21.85 to Rs 689.45, Apollo Hospital by Rs 76.80 to Rs 3073.35. Reddy's Laboratories rose by Rs 106.15 to Rs 4448.85 and Abbott India by Rs 254.50 to Rs 14783.40. While Cipla fell by Rs 12.70 to Rs 7982.60, Wockhardt fell by Rs 9.50 to Rs 467.90 and Solara Active fell by Rs 23.75 to Rs 1260.

Infibeam, Kirloskar Engine, KEI, Vaibhav Global, Ainkhan, IFGL Refractories, National Peroxide Bounce

Among the major rising stocks of the group today, Infibeam jumped by Rs 10.70 to Rs 108.30, Westcoast Paper by Rs 20.35 to Rs 256.10, Kirloskar Engine by Rs 13.70 to Rs 175.75, Vaibhav Global by Rs 356.80 to Rs 75 crore. National Peroxide rose by Rs 122 to Rs 2078.80, IIFL by Rs 15.70 to Rs 333.50, Power Mac by Rs 22.05 to Rs 537.15, and Apaar Industries by Rs 18.10 to Rs 478.20.

Profit booking in small, mid-cap stocks but attractive attraction: 4797 stocks close negative, 328 stocks bullish circuit

Market breadth remained negative as profit booking was seen in many stocks despite small, mid-cap, cash stocks being the preferred attraction today. Out of the total 3138 scrips traded on the BSE, 1497 declined and 1466 increased. The only seller in 328 stocks was the lower circuit against the upper circuit of the only buyer.

Net purchase of Rs.1692 crore in FPI / FII cash Net sale of Rs.1669 crore in DII cash

FIIs - Foreign institutional investors, foreign portfolio investors - FPIs made a net purchase of Rs 1,692.31 crore in cash today-Tuesday. A total of Rs 6129.60 crore was sold against a total purchase of Rs 7891.19 crore. DII-domestic institutional investors today saw a net sale of Rs 1,167.59 crore in cash. A total of Rs 4785.90 crore was sold against a total purchase of Rs 4036.19 crore.

Kalyan Jewelers' IPO filled 60% on the first day

Kalyan Jewelers India Ltd's IPO in the price band of Rs 86 to Rs 87 per share, which opened today-Tuesday, was 60% full on the first day. Bids were received for 5.72 crore shares today against a total offer of 9.57 crore shares. This issue will close on March 18, 2021. The total size of the issue is Rs 1,175 crore, of which new shares worth Rs 800 crore and offers for sale up to Rs 375 crore have been offered. The issue was 1.11 times higher on the first day in retail today, 1.15 times higher in reserves for employees. The company will use Rs 600 crore of working capital from the funds raised from the issue of new shares. While the rest will be used for general corporate purposes.